CFDs are complex financial instruments and carry a high level of risk due to leverage. A significant proportion of retail investors incur losses when trading leveraged products such as CFDs. You should carefully consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your capital.
If you’re wondering what currency depreciation is, it’s the loss of value of one currency relative to another in a flexible exchange rate system. The concept also applies to physical assets (machinery, vehicles, equipment) whose value decreases over time due to use or wear and tear. Both meanings share the same root: something is worth less than before.